Strategy

The objective of the Group is to gain a consistent level of mining of at least 50,000 ounces of gold per year through the effective development of current projects and acquisition of
prospective deposits in the future.

Goals for 2017 – 2018:

Construction and commissioning of a mining
enterprise at the Noni deposit with a production (gold) output of up to 20
thousand ounces per year.

Completion of a drill program in order to
increase the resource base of the Noni and Bolotistoye deposits and discover
new ore zones in 2016 – 2017.

Cash flow from operations of the mining
enterprise is expected to be applied to further exploration work at the deposits
owned by the Golden League Group.